March 7 Market Close: GovCon Index Up, US Stock Markets Down

Executive Mosaic’s GovCon Index reversed it’s four day losing streak to close up 0.000% to 93.000. Even with the US stocks posting it third lose in the past four days the GovCon Index was able to remain in the positive.

GovCon Index advancers split evenly with decliners as seven of its 11 S&P 500 components advanced with Raytheon (NYSE:RTN) posting in the top five up $1.15 to $154.47.

Healthcare shares lead the decline with Trump promising to lower drugs prices in the U.S.

Leidos (NYSE: LDOS) has promoted Michael Ames, a three-decade information technology services industry veteran, from a division director position to serve as a vice president at the company, FedHealthIT reported Thursday.

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The premier source of breaking business news for the government contracting industry, GovCon Wire provides informative, to-the-point stories of the most significant contract awards, top-level executive moves, M&A activities and financial results of the sector’s most notable players.

GovCon Wire is always on top of the most recent contracting sector activity and is updated in real time as the news breaks.